Politico is reporting that the titians of industry are lining up to parade through Washington in support of higher taxes. They know that higher taxes create stability, and right now, the lack of stability is disrupting the economy.

A. The reason taxes are low, is because of Republicans (Tea Party).
B. Democrats tried to raise taxes in 2010, but Republicans stopped it in the Senate.

Politico even comments that… where as one would expect the titians of industry to support low taxes, they don’t. Low taxes cause growth to stalemate and die. Higher tax rates actually create stability. Politico reports that their “aim is simple: Get a big budget deal that provides stability for investors by eliminating the threats of government shutdowns, credit-rating downgrades, debt ceiling disasters and wide fluctuations in spending and tax policy”.

Everything this Republican House has caused. government shutdowns; credit rating downgrades, debt ceiling disasters, and wild fluctuating in spending and tax policy, everything Republicans have stood up for, IS VERY BAD FOR THE ECONOMY.

And so they are lining up to parade through Washington…. to? As Politico puts it… they are lining up to: offer Republicans cover from backlash from tea party supporters and anti-tax advocates if they sign on to anything that includes increased revenue.

Yep. Low taxes are bad for the economy. High taxes are good. The big whigs are going to provide “cover” (ie. campaign dollars) to squelch the wrongness of the Tea Party and nuts like Grover Norquist.

Why?

Because kavips was right. Higher taxes will explode economic growth and you had better have both hands free to scoop up the prosperity. It will be like a rushing mountain stream tumbling into a desert.

We all know it is true. It’s been true ever since we’ve been born….

Advertisements